Gold Gets A Boost From Serious Congressional Discussions

GOLD

A combination of a weaker U.S. Dollar Index (90.25) and renewal of serious congressional discussions on the $900 billion COVID-19 stimulus package gave Gold a boost. Gold reached a high of $1,866 in European trading before seeing short-term profit taking when the market rolled into the U.S. At 11 am PT today, Gold is trading at $1,852 per ounce, up $2 on normal volume.

SILVER

Silver took the precious metal rally lead this morning, reaching a high of $25.41 in European trading, on fresh demand. Like Gold, as Silver trading rolled into the U.S. market, there was some short-term profit-taking. At 11 am PT today, Silver is up $0.36 per ounce, trading at $24.88 on normal volume.